A price prediction
Predicted price range for Agilent Technologies Our trading algorithm values Agilent Technologies (A) to be fairly valued. ###PLOTLYGRAPH### The red …
Read ArticlePredicted price range for Abiomed Inc
Our trading algorithm values Abiomed Inc (ABMD) to be fairly valued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | fairly valued |
| Current trend | downtrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $242.77 |
| 60 Day Prediction | $241.39 |
| 60 Day Pred - Lower Bound | $213.12 |
| 60 Day Pred - Upper Bound | $269.71 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = -0.420 * nr_days_in_the_future + 253.976
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
ABMD traded at $242.77 this Friday October 14th, loosing $-4.26 or -1.7547449980908443 percent since last week.
Looking back, over the last month, ABMD has been loosing $-15.1 or -6.219875017088121 percent.
Over the last year, it has been loosing $-106.64 or -43.92634901878829 percent.
Seasonality of Abiomed Inc
Using our AI model, we have been analyzing the value change for Abiomed Inc depending on the day or month of a year. This can be seen in the following graph:
